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sense. the president's strategy is he wants the taxes increased. we are not willing to do that. these big cities, chicago, atlanta, those airports will feel the impact economically. people around the country will be weighing in. we looking at legislation to push this issue. there is 47,000 employees. there are 15,000 controllers. also, when you look at what they are and, waterloo, iowa, it is treated the same way as chicago. this does not make sense. lori: you are exactly right. i meant to say looking for a tax increase. here is the dead -- devils advocate. it will actually lay off workers >> that for morale. this is bad for the safety. the airline industry, whether it is cargo or passengers, contributes a trillion dollars to the economy. this is very bad. again, they have the authority to be flexible. if the economy continues to move, the safety is intact. lori: they may postpone these for those 30 days. do you think that is a viable solution? >> they have that flexibility. they think they will get us back to the table to have an increased tax on the american people. that will
and benghazi from a tax of a month ago. the 46 page report issued after months of gathering testimony cites a cable from as early as the 19th of april last year bearing signature with an acknowledgement of a request for more security but approving reductions of facilities and benghazi instead and it includes the obama administration reaction what was called mac a concerted attempt to insulate the department of state from blame following the attacks" end quote. the report's release comes as more than half house republicans are pushing house speaker john painter to create a select committee to investigate the september attack and benghazi. critics attack last night's talk talk imagine that. one that we detail the unanswered questions around illegal immigration we will take that up with the advocacy group that tries to appear so pristine and purer and above politics and we will examine that as well. one of the loudest vocal critics of gang of 8 is congressman smith and he will join us to share his concerns next. for seeing your business in a whole new way. for seeing what cash is coming in and
higher taxes and the cuts. beige book quotes some firms in some districts quoted higher gasoline prices and expiration of payroll tax cut and winter weather as factors constraining sales and. numerous districts reported uncertainty or weakness in certain military and defense related sectors. tracy: peter barnes, thank you very much. payroll tax, gas two things affect my wallet. adam: they're looking backwards. you have oil below $88 a barrel. tracy: i haven't felt that. adam: hopefully we'll feel it soon. tracy: we have stocks selling off, down about 19 points. the vix also known as the wall street fear index is soaring. let's head down to nicole petallides on the floor of the exchange. the vix will tell you what will happen 30 days from now, right? it is a gauge of the future. that means we're nervous about the future. >> that's exactly right. what it does it takes into account the volatility and fear in the market over the 30 days ahead for the s&p 500. that's exactly what we're seeing here today. we're seeing it at a level of 1 d. it was up over 24% earlier today. we're certainly see
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